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GM sells Suzuki shares to raise emergency funds
Mon, 17 Nov 2008By Tim Pollard Motor Industry 17 November 2008 15:24 GM is flogging its entire stake in Suzuki to pump cash into its survival funds. The General owns a 3% holding in Suzuki Motor Corporation and will sell 16,413,000 shares on the open market tomorrow. Based on today’s values, GM will raise an estimated £154 million through the sale, although Suzuki will exercise an option to buy back an equivalent number of its own shares in treasury stock.
Starting Out: How to become a car designer
Mon, 25 Sep 2006It's a common predicament. You're 16 years old and desperate to become a car designer but have little idea about how to achieve that burning ambition. Well, discovering Car Design News is a good start, but if you're serious about training as a designer to work in a major car studio then you need to do a course in Transportation Design, a branch of Industrial Design (sometimes known as Product Design).
Ferrari World's F430 Spider-inspired rollercoaster
Wed, 17 Mar 2010This is the latest Ferrari. It’s not an MR2-based rip off, or a one-off four-seat F430 Spider, but the new rollercoaster at Ferrari World. Yes, and according to the people at the Prancing Horse it will be the world’s biggest indoor theme park; it’s being built alongside the F1 circuit on Yas Island and is set to open in the second half of 2010.